BAKU/29.01.14/TURAN : Assets of NBCBank increased in 2013 by 36.3 %, reaching 117.22 million manat. Volume issued to individuals and legal entities grew by 36.2 % and amounted to 95.26 million manat.
The total liabilities of the bank increased from 61.74 million to 77.04 million manat. Deposit portfolio increased by 31.7 % and amounted to 52.34 million manat, including term client investments increased by 35.6% to 50.35 million manat.
Equity capital reached 40.18 million manat. The total capital increased by 67.8 % higher than the 38.79 million manat and paid charter capital - by 86.9 % to 36.54 million manat.
The bank's earnings equaled 15.56 million manat and expenditures - 14.32 million manat , an increase compared with 2012 , respectively 36.6% and 56.1 %. Net profit after tax decreased by 81.1 %, amounting to 448 thousand manats. - 15B -
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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